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this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy secretary steven chu offering his resignation today. he was highly criticized for its handling of the $528 million loan to the solar panel maker, which later went bankrupt. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those co
this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy...
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the profit, though, failing against taxes paid last year topping 102 billion. in the commodity market both gold and oil closing higher on the day and week. the bond market, the treasury ten year rising. the highest yield since april of last year. 69 percent of the s&p 500 companies have now reported their earnings and exceeded expectations. it now looks like earning growth for the quarter will be just under four and a half percent. a lot better than had been forecast at the beginning of earnings season, just under 2 percent was the consensus. joining now with his outlook, chief economist at moody's capital markets. these are numbers, pretty impressive, surprising to the upside, 69%. if one did not know better home with think that those expectations have been managed somewhat. >> that game we're talking about , of 4% year-over-year increase by earnings has the power to propel the equity market to new highs, it seems to me somewhat incredible that we cannot forget how importance very low interest rates are to this rally. lou: certainly been bernanke is not forget
the profit, though, failing against taxes paid last year topping 102 billion. in the commodity market both gold and oil closing higher on the day and week. the bond market, the treasury ten year rising. the highest yield since april of last year. 69 percent of the s&p 500 companies have now reported their earnings and exceeded expectations. it now looks like earning growth for the quarter will be just under four and a half percent. a lot better than had been forecast at the beginning of...
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republicans said the government got additional revenue with last year's tax agreement which raised tax rates on families making more than 450,000 a year and limited or phased out deductions for income over 300,000. in a statement john boehner said any tax loopholes we close should be used to lower rates for all taxpayers so we can be more xret ticompetitive and cree jobs. he reminded the whitous is missing the monday deadline for submitting a budget. >> it is going to be late. some say it could be as long as a month late. i think that's too bad. our economy could use some presidential leadership right now. >> house republicans want to force the president to submit a budget that would balance in 10 years. >> they hope to pass it in march unless they come up with a deficit reduction agreement before that. it would hurt readiness maintenance and training and make it difficult for the u.s. to respond to global crises. >> it would bite hard no question. wendell, thanks. >> it's not the kind of news wall street was looking for today. stocks had the worst day of the year. the dow dropped 130
republicans said the government got additional revenue with last year's tax agreement which raised tax rates on families making more than 450,000 a year and limited or phased out deductions for income over 300,000. in a statement john boehner said any tax loopholes we close should be used to lower rates for all taxpayers so we can be more xret ticompetitive and cree jobs. he reminded the whitous is missing the monday deadline for submitting a budget. >> it is going to be late. some say it...
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Feb 4, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. martha: president obama stepping up his push to overhaul gun control laws in this country with a campaign-style trip that he kicks off today. he will northbound minnesota talking about this. he is expected to call for universal background checks as well as a ban on assault weapons. former congresswoman gabrielle giffords' husband captain mark kelly says this assault weapons serve only one purpose. watch. >> i spent 25 years in the military. i know the value of having an assault weapon, and it's to kill a lot of people very quickly. i think they are way too readily available. i think in time we will be able to address those issues. martha: interesting comments there from him on "fox new
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. martha: president obama stepping up his push to overhaul gun control laws in this country with a campaign-style trip that he kicks off today. he will northbound...
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Feb 4, 2013
02/13
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they'll pay more taxes than they receive. they'll create a much more dynamic economy. and the last week in washington, we've been side tracked off this potential to actually give some growth to our economy by issues of how many links are in the chain we're going to build. what's going to trigger what. does gay marriage affect all of this? it's like this moral i]obtusene. this is our only shot at getting a growing economy. this attempt to win the race for global talent out there, and we are debating socrates. >> it does seem like the politics of this is coming together. robert, you're here. i want to quickly talk about guns in this respect. the president, a picture of him skeet shooting. we know that there had been a kerfuffle, this idea was he really -- the president said yes, he had fired a gun. i do have to ask you, have you seen him skeet shoot? >> i have not. but camp david for him is a private retreat that he spends most of the time with his family. i don't think it's whether or not the president shoots a gun regularly or even if he shoots it well. >> let's partic
they'll pay more taxes than they receive. they'll create a much more dynamic economy. and the last week in washington, we've been side tracked off this potential to actually give some growth to our economy by issues of how many links are in the chain we're going to build. what's going to trigger what. does gay marriage affect all of this? it's like this moral i]obtusene. this is our only shot at getting a growing economy. this attempt to win the race for global talent out there, and we are...